Posts Tagged ‘Robert Khuzami’
Posted by Larry Doyle on March 22nd, 2012 5:31 AM |
The penalties handed out by NFL Commissioner Roger Goodell to the coaches and executives of the New Orleans Saints organization for the bounty program practiced down on the bayou were perhaps the stiffest in the history of the game.
Goodell has shown himself to be a no-nonsense individual cut from the mold of Kenesaw Mountain Landis. Goodell is clearly focused on protecting the sport, and knows that any program which promotes an intent to injure renders modern day football to little more than barbarism. (more…)
Tags: Albert Loewenthal, Barack Obama, Ben Bernanke, Brian Moynihan, Chuck Schumer, Darrel Issa, Eric Holder, Greg Williams, James Gorman, Jamie Dimon, Jim Himes, Jon Corzine, Judge Kenesaw Mountain Landis, justice on Wall Street, Lloyd Blankfein, Mary Schapiro, New Orleans Saints, penalties for New Orleans Saints, penalties on Wall Street, Preet Bharara, Richard Blumenthal, Richard Ketchum, Robert Khuzami, Roger Goodell NFL Commissioner, Sean Payton, Spencer Bachus, the integrity of the game, Timothy Geithner
Posted in General | 2 Comments »
Posted by Larry Doyle on January 10th, 2012 6:37 PM |
My commentary the other day entitled Can Whistleblowers ‘Cross-Examine’ the SEC? received a fair bit of attention and some rather interesting comments. In light of the very fluid developments within the realm of financial regulation, I strongly recommend that post.
The primary concern I raised within that commentary – and hence the title – was that a key panel at the upcoming 39th Annual Securities Regulation Institute consists solely of industry insiders. Why might that be such a concern?
Well, one of the main critiques of our financial regulatory system made by many, including Harry Markopolos, has been the revolving door between our regulators and the industry.
Why is a revolving door such a concern? Stick with me here. (more…)
Tags: 39th Annual Securities Regulation Institute, Bernie Madoff, blowing the whistle on financial fraud, can Whistleblowers Cross-Examine the SEC?, Darcy Flynn, destroying files at the SEC, Deutsche Bank, Deutsche Bank's purchase of Bankers Trust, Don Bauder Snug and Smug at the Hotel Del, down goes Frazier, Gary Aguirre, Gary Lynch, industry insiders, January 20th conference Hotel del Coronado, lawyers behaving badly, Mary Jo White, mary Jo White Debevoise Plimpton, matt taibbi, NARA, national Archives and Records Administration, Northwestern Law, regulatory capture, revolving door, Richard H. Walker, Robert Khuzami, rotating door within financial regulation, San Diego Reader Don Bauder, SEC, Securities and Exchange Commission, Senate Judiciary Committee, Senator Chuck Grassley, Stephen M. Cutler JP Morgan Chase, Wall Street, Wall Street-Washington incest, whistleblowers
Posted in General, Wall Street Washington Incest | 10 Comments »
Posted by Larry Doyle on January 9th, 2012 7:09 AM |
Later this month, Northwestern Law will be hosting its 39th Annual Securities Regulation Institute in Coronado, California. In light of everything that has occurred on Wall Street and in Washington, one might think this could be a lively conference as it looks to provide:
A timely analysis of recent laws and developments in the corporate and securities law fields presented by senior SEC officials and leading practitioners.
While reviewing the conference invitation, I am particularly intrigued by one workshop to be held on Friday morning, January 20th. What is this workshop? Who is involved? Why am I so intrigued? Please stick with me here as we preemptively try to connect some dots.
(more…)
Tags: 39th Annual Securities Regulation Institute, 39th Annual Securities Regulation Institute in Coronado, Art Samberg and Pequot, California, Darcy Flynn whistle-blowing, Does the SEC protect whistleblowers, Enforcement and Criminal Investigations, Gary Aguirre, Madoff SEC, Mary Jo White, matt taibbi, Northwestern Law, Preet Bharara, regulatory capture, Richard H. Walker, Richard H. Walker General Counsel Deutsche Bank, Robert Khuzami, SEC, SEC Director of Enforcement Robert Khuzami nf, SEC Senior Staff Workshop, Securities Regulation Institute, Stanford SEC, Stephen M. Cutler, whistle-blowers, whistleblowing, who protects whistleblowers
Posted in General | 13 Comments »
Posted by Larry Doyle on December 18th, 2011 7:35 PM |
What do we think of the SEC’s attempt to pursue former Freddie and Fannie CEOs Richard Syron and Daniel Mudd?
Is this a fully legitimate pursuit of justice against these executives? Could there be more than a whiff of political motivation on the part of the current administration buried in this pursuit?
As The New York Times reports the other day, SEC Accuses Fannie and Freddie Ex-Chiefs of Deception:
On Friday, S.E.C. officials trumpeted their actions in the Fannie and Freddie case as part of a renewed effort to crack down on wrongdoing at the highest levels of Wall Street and corporate America……….. (more…)
Tags: Angelo Mozilo, are SEC investigations politically motivated, Brian Moynihan, Chuck Prince, Fannie Mae, Franklin Raines, Freddie Mac, Hank Paulson, James johnson, John Thain, Jon Corzine, Ken Lewis, Lelend Brendsel, Lloyd Blankfein, Mary Schapiro, Mudd, Richard Fuld, Robert Khuzami, SEC Accuses Fannie and Freddie Ex-Chiefs of Deception, SEC Accuses Richard Syron and Daniel Mudd, SEC Enforcement Chief Robert Khuzami, Stanley O' Neal, Syron, Tim Geithner, Tim Howard, Vikram Pandit
Posted in General | 5 Comments »
Posted by Larry Doyle on August 17th, 2011 4:33 PM |
BOMBSHELL!!!
Since early 2009 I have written at length about the regulatory capture that has dominated the financial industry. I have defined this concept in layman’s terms as the Wall Street-Washington incest. Today a close friend and regular reader of Sense on Cents shares a story which blows the cover off this incest.
This story is written by Rolling Stone’s Matt Taibbi, perhaps Wall Street’s greatest nemesis. I commend him and those from whom he has sourced this information to have the courage of their conviction and the embodiment of the true American spirit to bring this story to light.
I ardently believe this expose should lead to public Congressional hearings and ultimately a federal judicial inquiry. Might it be the beginning of the end for Mary Schapiro? (more…)
Tags: Adam Storch SEC coverup, Darcy Flynn and Gary Aguirre, Darcy Flynn whistleblower, destruction of records at SEC, did SEC destroy records, Harry Markopolos, helping whistleblowers, insider trading on Wall Street, is Wall Street on the up and up, jesse Lee Obama communications director, Mary Schapiro, Matt taibbi Is the SEC Covering Up Wall Street's Crimes?, matter under investigation, POGO, regulatory capture, Robert Khuzami, Rolling Stone's Matt Taibbi, SEC and SAC, SEC Attorney Darcy Flynn, SEC destruction of Bernie Madoff records, SEC destruction of material, SEC destruction of records Goldman Sachs, SEC destruction of records of insider trading, SEC Deutsche Bank, SEC records on Bernie Madoff, SEC revolving door, Wall Street-Washington incest, what is a MUI, who is Darcy Flynn, will Mary Schapiro leave the SEC, will Mary Schapiro step down, will Obama replace Mary Schapiro
Posted in General | 19 Comments »
Posted by Larry Doyle on July 26th, 2011 8:21 AM |
37 months and counting and still thousands of Americans holding untold billions of dollars in frozen auction-rate securities await the return of THEIR money.
The question of whether the injustice of all that went on in the ARS scandal might ever truly see the light of day seems to have long since been dismissed. Regrettably that fact would seem to mitigate a full understanding of the ARS mess and minimize the lessons that may otherwise have been learned by future generations. What a shame!!
Despite these realities, the fight goes on supported by the billions of reasons that may appear to be frozen in those outstanding ARS but are very much alive.
I have always maintained that the ARS market was the greatest scam ever perpetrated on Wall Street. What is new on the ARS front? (more…)
Tags: ARS, Auction Rate Securities scandal, Bill Halldin of Merrill Lynch and Company, caveat emptor, GAO, Government Accountability Office, jacob S. Frenkel of Shulman Rogers Gandal Pordy and Ecker, James Cox of Duke University, Jonathan Levine of Girard Gibbs, Kevin Callahan, liquidity of auction rate securities, Morgan Keegan ARS decision, MSRB, Municipal Securities Rulemaking Board, propping auction rate securities auctions, Robert Khuzami, SEC Brief in ARS, SEC Brief in Auction-Rate Case may Help Investors Suing Banks, SEC chairman Mary Schapiro, SEC vs Merrill Lynch in ARS, secondary trading of ARS, secondary trading of auction rate securities, Securities Industry and Financial Markets Association, SIFMA, what is new on the ars front, what is new with ars, William Sullivan of Paul Hastings Janofsky and Walker in Los Angeles
Posted in ARPS, ARS, Auction Rate Securities scandal, General | 10 Comments »
Posted by Larry Doyle on May 11th, 2011 3:34 PM |

There are few Americans in our nation today who have displayed a greater degree of integrity and character than Gary Aguirre.
Gary who?
Gary Aguirre is a former SEC attorney who sued and settled with the SEC for wrongful termination. After departing the SEC he continued to pursue the case which brought Art Samberg of Pequot Capital to his knees.
I highlighted Gary Aguirre, that case, and much more last December in writing, Connecting the Dots: The US Attorney, The SEC, Art Samberg, Pequot Capital, Hush Money, Lying and More. Today we hear from Mr. Aguirre. (more…)
Tags: abuse of capitalism, Gary Aguirre Art Samberg Pequot Capital John Mack, gary Aguirre comments on insider trading on Wall Street, Gary Aguirre comments on raj Rajaratnam verdict, Gary Aguirre comments on Wall Street insider trading scandal, gary Aguirre Congressional testimony, Gary Aguirre David Zilkha hedge funds insider trading, Gary Aguirre hedge funds, Gary Aguirre press release, hedge funds insider trading, insider trading scandal on Wall Street, integrity in the markets, Preet Bharara, Robert Khuzami
Posted in General, insider trading | 1 Comment »
Posted by Larry Doyle on February 17th, 2011 6:30 AM |
Regular readers may be accustomed to my designating the relationship between our financial industry and the political crowd as the “Wall Street-Washington incest.” The technical term for this relationship is regulatory capture, as defined by our investing primer:
…the process by which regulatory agencies eventually come to be dominated by the very industries they were charged with regulating. Regulatory capture happens when a regulatory agency, formed to act in the public’s interest, eventually acts in ways that benefit the industry it is supposed to be regulating, rather than the public.
Bingo!! That’s the incestuous relationship we’re talking about.
Is the game really on the up and up? How does regulatory capture work? Who are the financial cops really protecting?
Thank you to the number of readers who pointed out to me an amazing expose of regulatory capture written by Matt Taibbi in Rolling Stone. Taibbi provides extensive detail in writing, Why Isn’t Wall Street in Jail? This article is a must read. (more…)
Tags: Debevoise and Plimpton, financial oversight, financial regulation, financial regulatory system, Gary Aguirre, Gary Aguirre John Mack Art Samberg, is the game on the up and up, Linda Thomsen, Mary Jo White, Paul Berger, regulatory capture, Robert Khuzami, Wall Street-Washington incest, what is regulatory capture, who is Preet Bharara, Why Isn't Wall Street in Jail? by Matt Taibbi
Posted in General | 4 Comments »
Posted by Larry Doyle on December 27th, 2010 12:22 PM |
This commentary and attached story are a little lengthy but very important. I hope you will take the time to read, review, and share. LD
Is it possible that our nation can experience a historic demise in our economy and markets with little if any criminal activity involved in that process? Was our economic and market meltdown largely ‘a perfect storm’?
I do not buy those who would put forth that line of reasoning. Nor do I think should you.
Does it defy logic to think that our nation has been hit with trillions of dollars in losses and untold economic pain but only a relative handful of individuals were involved in criminal behaviors connected to this turmoil? Yes, that does defy logic.
Where are the criminal prosecutions? (more…)
Tags: a perfect storm, Art Samberg David Zilkha, Art Samberg hush money, Art Samberg Pequot scandal, Attorney General Eric Holder i, Bharara perjury, coordination among financial regulators c, criminal prosecutions from financial meltdown, Dodd-Frank whistleblower language, DOJ Pequot, Dr. Glen Kaiser Pequot Zilkha t, financial crimes, financial perfect storm, financial prosecutions, financial storm, Gary Aguirre Pequot, Gary Aguirre Pequot Samberg DOJ SEC Bharara, Goldman Sachs fine for Abacus, insider trading, insider trading Art Samberg, insider trading scandal, interaction between SEC and DOJ, John Cannallis of the SEC's New York Office, John Mack Art Samberg Pequot Capital, Karen Zilkha, Martha Stewart, Mary Schapiro, minor Ponzi schemes, MSFT options Pequot, Operation Broken Trust, Pequot insider trading of Microsoft, POGO, POGO Danielle Brian, POGO SEC Describes Possible Criminal Activity in Major Unprosecuted Hedge Fund Case, Preet Bharara, Project on Government Oversight Michael Smallberg, Rob Johnson, Robert Khuzami, Samberg hush money Zilkha, SEC, SEC fine of Goldman Sachs, SEC Lauren riser, SEC lawyer Mike Foster, Securities and Exchange Commission, Senator Charles grassley POGO Department of Justice, stock fraud crackdown, tell the truth, the need to tell the truth, unprosecuted cases, US Attorney Preet Bharara, US Attorney's Office for the Southern District, Wall Street abuses, Wall Street criminals, Wall Street-Washington incest, who has been prosecuted from financial demise, who is Dan Hurson, who is David Zilkha, William K. Black, Zilkha insider tips
Posted in General | 8 Comments »
Posted by Larry Doyle on September 17th, 2010 8:03 AM |
I truly believe this could be the single most important and enlightening commentary ever put forth at Sense on Cents. Although it is a little lengthy and has some legalese, if you care about truth, transparency, and integrity in our nation, take the time to read and review. You will be better for it. I encourage you to share it with friends and colleagues.
Washington still does not get it.
I strongly believe the deeply embedded Wall Street-Washington incestuous relationship was central to the erosion of our economic foundation. While that incest must be extirpated if we are to regain our economic standing, we continue to suffer through “show trials” dealing with the critically important topic of pursuing transparency across our political and financial landscape. Regrettably, the media in general provides limited coverage to this ongoing pursuit. To that end, I welcome banging this drum and engaging those in our nation who will ask the hard questions and put forth aggressive propositions so real transparency can be achieved. Even if the pursuit comes up short, the effort and goals are beyond worthy. Let’s navigate.
Yesterday, the House Financial Services Committee chaired by Barney Frank held a hearing to address the SEC’s exemptions from Freedom of Information requests embedded in the Financial Regulatory Reform legislation. Congressman Frank rolled out the red carpet to SEC Chair Mary Schapiro. From the testimony, Frank offers: (more…)
Tags: 929I, Aguirre Pequot Capital Art Samberg, Barney Frank, financial regulatory reform, finreg, FOIA, freedom of information, Gary Aguirre, Gary Aguirre John Mack, House Financial Services, Mary Schapiro, Robert Khuzami, SEC FOIA exemptions, SEC OCIE, SEC OIG David Kotz, September Wall Street Lawyer, Wall Street-Washington incest, what is 929I, who is Gary Aguirre
Posted in General | 13 Comments »
Gary Aguirre’s Commentary on Rajaratnam Verdict and Wall Street Insider Trading
Posted by Larry Doyle on May 11th, 2011 3:34 PM |
There are few Americans in our nation today who have displayed a greater degree of integrity and character than Gary Aguirre.
Gary who?
Gary Aguirre is a former SEC attorney who sued and settled with the SEC for wrongful termination. After departing the SEC he continued to pursue the case which brought Art Samberg of Pequot Capital to his knees.
I highlighted Gary Aguirre, that case, and much more last December in writing, Connecting the Dots: The US Attorney, The SEC, Art Samberg, Pequot Capital, Hush Money, Lying and More. Today we hear from Mr. Aguirre. (more…)
Tags: abuse of capitalism, Gary Aguirre Art Samberg Pequot Capital John Mack, gary Aguirre comments on insider trading on Wall Street, Gary Aguirre comments on raj Rajaratnam verdict, Gary Aguirre comments on Wall Street insider trading scandal, gary Aguirre Congressional testimony, Gary Aguirre David Zilkha hedge funds insider trading, Gary Aguirre hedge funds, Gary Aguirre press release, hedge funds insider trading, insider trading scandal on Wall Street, integrity in the markets, Preet Bharara, Robert Khuzami
Posted in General, insider trading | 1 Comment »